Clara, a Mexican fintech that provides corporate cards and other expense management solutions for businesses across Latin America, recently secured a $60 million investment in a Series B round led by GGV Capital. The venture capital fund, which has already bet on Airbnb and invested in Mexican credit card unicorn Stori, will have a seat […]
AUSTIN, Texas — Last year was marred by CeFi companies’ evidence on fraud, ultimately leading to waves of knock-on effects that continue to unfold. Lawyers and investigators are still unpicking the latest meltdowns, but a picture is slowly emerging of how they happened in an industry that claims to improve transparency. These failures “were a […]
As news of a sustained inflation rate in the UK surpassing much of Europe, the cost of living crisis becomes ever more front of mind. Battling through months, which have turned into years of challenging conditions, UK households continue to struggle without much respite. The hardest hit is those with limited access to financial services. […]
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Druo, a Colombian paytech that enables direct B2B payments for LatAm companies, announced that it would enter Peru, Mexico, and the United States in 2023 and expects to reach 600 million accounts available in its network, allowing its business customers to make account-to-account payments and collections in multiple countries. In a press statement, Alejandro Pinzón, […]
Belvo, the LatAm company specializing in open finance, is taking decisive steps to enter the payments sector in Brazil. A few weeks after receiving authorization from the Brazilian Central Bank to operate in the South American country as a Payment Initiation Service Provider (PISP), Belvo is buying 100% of the fintech Skilopay. With this acquisition, […]
Hi guys. Welcome to the Fintech Coffee Break. I’m your host, Isabelle Castro, and today I shared my coffee break with Robert Mann, Co-Founder and CEO of Standard C. Standard C is a compliance and risk management software and advisory service for small businesses and community banks. Focused primarily on high-risk and complex businesses, Standard […]
Funding to Latin American startups saw a 70% decline in the first quarter, down to the lowest volume of investments since 2020 as risk-aversion took hold of venture capital investors. There were nearly 190 funding rounds in the first three months of the year, amounting to $1.3 billion in investments, according to data compiled by […]
MoneyLion’s recent acquisition of Even Financial (now Engine by MoneyLion) will drive growth for both companies, Engine’s founder Phillip Rosen said. Phillip Rosen The transaction occurred in February. Rosen said the two companies had known each other well for seven years. They once had offices across the street from each other. MoneyLion was an Even […]
In today’s digital world, 93% of employees receive their income payments via direct deposit. Initially created as a convenience for employees, direct deposit is a great set-it-and-forget-it way to receive a paycheck — until you want to change it. Adjustments such as switching direct deposit accounts and splitting a paycheck between accounts at different banks […]